TL;DR
- Bitwise refiles its Spot Avalanche ETF application with the SEC.
- The news triggers a significant and immediate positive market reaction.
- The update intensifies competition in the spot crypto ETF market.
Bitwise updates its filing with the U.S. Securities and Exchange Commission (SEC) to advance its spot Avalanche ETF, and the release of new information triggers a sharp rise in AVAX trading activity. The firm reveals the BAVA ticker, the 0.34% management fee, and the operational structure that guides the fund. Shortly after the update, AVAX price jumps nearly 7%, trading around 15 dollars, which shows clear interest among traders who follow crypto investment products closely.
The document submitted on 27 November 2025 confirms that the ETF plans to list on NYSE Arca if regulators grant approval. Bitwise sets the 0.34% fee, while removing charges during the first month or until the fund reaches 500 million dollars in assets. The structure matches the approach already applied to Bitwise altcoin ETFs, enabling early holders to save on costs during the first stage of trading activity.
JUST IN: BITWISE FILED AN S-1 AMENDMENT FOR ITS AVALANCHE ETF.
MANAGEMENT FEE SET AT 0.34% AND THE TICKER WILL BE “BAVA.” pic.twitter.com/hEPpZAmmSM
— The Moon Show (@TheMoonShow) November 27, 2025
AVAX Price Gains 7% After ETF Progress From Bitwise
Bitwise aims to provide direct exposure to AVAX price movements through the CME CF Avalanche-Dollar Reference Rate, a benchmark widely used in regulated markets. The firm partners with Coinbase Custody Trust Company to store Avalanche tokens, while BNY Mellon manages the cash operations linked to the ETF. To activate the fund, Bitwise Investment Manager supplies the first 100,000 shares, valued at 2.5 million dollars, priced at 25 dollars per share. The structure mirrors the company’s recent XRP ETF and Dogecoin ETF, both of which attracted strong attention from retail and institutional investors.
AVAX rises nearly 7% following the ETF update and trades near 15 dollars, maintaining a market cap close to 6.41 billion dollars. Price action still sits under the 50-day moving average at 18 dollars, a level traders monitor as a trigger for stronger upward pressure. If buyers reclaim 18 dollars, projections point toward 22 dollars and later 28 dollars as the next upside zones.
On the downside, AVAX holds above the 14-dollar support. A breakdown under that level could guide price action toward 12 dollars, as momentum weakens and selling pressure increases.
